Dubai Aerospace Enterprise (DAE) has reported a 13.2 percent increase in total revenue to US$1.4469 billion for the first nine months of 2026, up from $1.2777 billion a year earlier.
Pre-tax profit excluding exceptional items rose to $370.7 million from $340.8 million. Operating cash flow stood at $1.0881 billion, compared with $1.1274 billion in the same period of 2025. The adjusted pre-tax profit margin was 25.6 percent, with pre-tax return on equity at 11.8 percent.
Total assets reached $26.8343 billion at the end of September, up from $16.5477 billion at the end of 2025. Net debt and borrowings stood at $16.7513 billion, while available liquidity was $5.5985 billion.
The jump in assets follows DAE’s completion of its $9 billion acquisition of Macquarie AirFinance Limited (MAF) at the end of July, which added 290 aircraft, made up of 272 owned and 18 managed. During the period, DAE sold 58 aircraft and signed 195 lease agreements, extensions and amendments. Its owned, managed and committed fleet now totals 983 aircraft. DAE Engineering booked around 900,000 man-hours and completed more than 170 checks, and the company announced a purchase and leaseback deal with Saudia covering four Boeing 777F freighters.
CEO Firoz Tarapore said the combined fleet is about double the size of 24 months ago, and that DAE’s owned fleet of 716 aircraft makes it the world’s second-largest aircraft lessor. He said the MAF deal, together with mandates from Blackstone and Neuberger, puts the company on track to reach a combined fleet of around 1,300 aircraft.
Tarapore added that liquidity and capital adequacy remain strong, with functional integration of MAF complete and full integration expected by the end of November.
News Source: WAM
